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TIC Tapestry Inv Pf

90.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tapestry Inv Pf LSE:TIC London Ordinary Share GG00B5NP8N53 RED PTG PREF SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 90.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 90.00 GBX

Tapestry Investment (TIC) Latest News

Real-Time news about Tapestry Inv Pf (London Stock Exchange): 0 recent articles

Tapestry Investment (TIC) Discussions and Chat

Tapestry Investment Forums and Chat

Date Time Title Posts
08/3/201311:46Tapestry Investment Company PCC Ltd. (TIC)27
27/12/200710:25Capital Spreads19

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Tapestry Investment (TIC) Most Recent Trades

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Tapestry Investment (TIC) Top Chat Posts

Top Posts
Posted at 11/2/2011 16:55 by praipus
Hi Skyship thank you for your contributions over time always useful and interesting.

For the record why should this share do any worse than any other investment?

Also with the NAV being £1.12 why sell at a 20% discount?
Posted at 07/2/2011 21:50 by praipus
From the NAV statement:

As at the close of business on 31st December 2010 the final Net Asset Value per
share was
115.9920 pence
Posted at 25/1/2011 13:01 by skyship
112p and some. Also the share price has "tic"ed up a fraction, now 80p Bid


Tapestry - NAV Estimate

As at the close of business on 7th January 2011 the Company's estimated Net Asset Value per Share was 112.9682
Posted at 10/12/2010 09:51 by praipus
TIC cash arrived via Selftrade.
Posted at 01/12/2010 14:54 by skyship
That £2m-£3m repayment in Feb'11 will be conducted in the same way as this week's redemption. So, let's for instance postulate:

# A 2.5m share repayment @ an NAV of 107p
# Repayment = a 22.1% redemption
# Cost = £2.675m
# If you buy 10,000 today @ 84p:- cost = £8410 (no stamp duty)
# You receive 2210 x 107p, ie £2365
# You are left with 7790 shares costing net £6045, ie 77.6p
# Continuing NAV = 107p....

So, you are left in with 78% of yr holding in a delisted rump running at a 27.5% discount.

Question is - Is that VALUE?

If I'm reading this right - then my answer is YES.

Views on the back of an envelope.....
Posted at 01/12/2010 13:44 by praipus
11,300,830 from todays RNS

Because of the way they've returned capital the NAV per share remains £1.08 ish.
Posted at 01/12/2010 11:15 by praipus
I'm confused too to some extent.

Re-reading the announcement I think its just the ISIN number thats changing perhaps due to the way the capital is being returned and restructured.

(Edit: ok withdrawn from crest not related to ISIN change)

£1.08+per share, 43 redeemed for every 100 shares held.

Edit: I agree does look cheap.

Also cant see when we get paid.
Posted at 17/11/2010 10:15 by praipus
the Company today announces that it will
return �GBP9,247,146 (equivalent to approximately 46.65p per Share) to holders of
Shares on 30 November 2010 (the "Redemption Date") by way of a compulsory
partial redemption of Shares (the "Redemption").
Posted at 17/11/2010 10:10 by praipus
Tapestry - NAV Estimate

As at the close of business on 5th November 2010 the Company's estimated Net
Asset Value per Share was 106.4910
Posted at 27/10/2010 19:07 by praipus
Tapestry - NAV Estimate

As at the close of business on 15th October 2010 the Company's estimated Net
Asset Value per Share was 106.9673
Tapestry Investment share price data is direct from the London Stock Exchange

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